Walker & Dunlop (WD) stock is soaring 5.02% in intraday trading on Thursday following the release of its impressive second-quarter financial results. The commercial real estate finance company reported earnings that surpassed analyst expectations, driven by strong transaction volumes and market share gains.

For the quarter ended June 30, Walker & Dunlop posted adjusted earnings per share of $1.15, significantly beating the consensus estimate of $0.72. Revenue climbed 18% year-over-year to $319.2 million, outpacing analyst projections of $278.2 million. The company's total transaction volume surged 65% to $14 billion, with notable strength in debt financing activities, particularly through government-sponsored enterprises Fannie Mae and Freddie Mac.

Despite some pressure on margins and a slight decline in adjusted EBITDA, investors are responding positively to Walker & Dunlop's market share gains and robust transaction growth. The company's CEO emphasized ongoing investments in technology-driven platforms and expansion into new property sectors as key drivers for future growth. With a solid performance in its core business and strategic initiatives underway, Walker & Dunlop appears well-positioned to capitalize on the recovering commercial real estate market.